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Cities Struggle to Cut Retiree Healthcare Costs
Calpensions
Apr. 1, 2019
"Retiree health care costs and debt are rising rapidly in some cases ... due to increasing health care costs, longer life spans, and aging workforces. Many cities have taken steps to curb costs.... Thirteen of the 15 cities in the study are prefunding retirement health care, putting money in a pension-like investment fund to help pay future costs as recommended by the governor's commission in 2008. Fresno is still pay-go, only covering the annual cost."
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